Finitive, a Fintech that connects institutional investors with alternative lending investments, has closed a $50 million senior secured warehouse credit facility for Bungalow. Finitive called the transaction a “first of its kind in the co-living sector.”

Bungalow is a real estate platform matching homes and roommates. Additionally, Bungalow provides furnishing a home’s common areas and streamlining rent and utilities payments and more. Bungalow says it is able to offer rooms in the most desirable neighborhoods by working directly with homeowners who are looking for a guaranteed income stream but don’t want to sell their homes. Founded in 2017 by Andrew Collins and Justin McCarty, the company currently has more than 750 housemates in hundreds of homes across seven markets.

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